"Now, lots of guys stick with boy scouts until they achieve Eagle because they think it helps them get into college. Maybe it does, but if I had to choose between Eagle and a better class rank (or better ACT/SAT scores), I'd choose the latter."
Well, first off, besides the project, becoming an Eagle Scout isn't time intensive to the extent that it would impact your grades. Most get their projects done during the summer anyways, when school doesn't interfere. Secondly, its absolutely worth it for the resume, over grades. Seven years later and all my job interviewers still brought it up when I leave it as a footnote on my resume. Besides, you never know when your interviewer might be an Eagle Scout themselves, and you automatically have an extra way to connect with them. And if you're looking for joining the armed services, you jump up two pay grades automatically and have a much better chance of attending a service academy.